Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA) Shares Gap Up – Here’s What Happened

Shares of Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA) gapped up before the market opened on Monday . The stock had previously closed at $41.59, but opened at $44.09. Direxion Daily Small Cap Bull 3X Shares shares last traded at $45.21, with a volume of 5,677,950 shares traded.

Direxion Daily Small Cap Bull 3X Shares Price Performance

The stock has a market capitalization of $1.36 billion, a price-to-earnings ratio of 17.29 and a beta of 3.42. The firm’s fifty day moving average is $52.14 and its 200-day moving average is $48.42.

Institutional Investors Weigh In On Direxion Daily Small Cap Bull 3X Shares

A number of institutional investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. lifted its position in shares of Direxion Daily Small Cap Bull 3X Shares by 5,290.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 593 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 582 shares during the last quarter. Tucker Asset Management LLC acquired a new stake in Direxion Daily Small Cap Bull 3X Shares during the fourth quarter valued at approximately $31,000. Farther Finance Advisors LLC lifted its holdings in Direxion Daily Small Cap Bull 3X Shares by 906.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 735 shares of the exchange traded fund’s stock worth $33,000 after buying an additional 662 shares during the last quarter. Parallel Advisors LLC grew its position in shares of Direxion Daily Small Cap Bull 3X Shares by 147.5% in the 4th quarter. Parallel Advisors LLC now owns 755 shares of the exchange traded fund’s stock worth $34,000 after acquiring an additional 450 shares in the last quarter. Finally, Bank of America Corp DE increased its holdings in shares of Direxion Daily Small Cap Bull 3X Shares by 402.3% in the 4th quarter. Bank of America Corp DE now owns 874 shares of the exchange traded fund’s stock valued at $37,000 after acquiring an additional 700 shares during the last quarter.

About Direxion Daily Small Cap Bull 3X Shares

Direxion Daily Small Cap Bull 3X Shares (the Fund), formerly Direxion Small Cap Bull 3X Shares, seeks daily investment results of 300% of the price performance of the Russell 2000 Index (the Small Cap Index). The Small Cap Index measures the performance of the small-cap segment of the United States equity universe, and consists of the smallest 2,000 companies in the Russell 3000 Index, representing approximately 10% of the total market capitalization of the Russell 3000 Index. It includes approximately 2,000 of the smallest securities based on a combination of their market cap and current index membership.